Transaction Overview
George Smith Partners successfully arranged $6,100,000 in bridge financing for a Southeast Florida residential developer to acquire a 49.16-acre site in Englewood, Florida. The loan facilitates the site purchase while the borrower advances through final entitlements and horizontal planning, with the bridge structured to transition into a senior construction facility upon permitting milestones.
The project will deliver a 245-unit gated residential community in one of Southwest Florida's most sought-after coastal markets. Situated between Sarasota and Fort Myers along Florida's Gulf Coast, the development will offer a thoughtfully designed mix of townhomes and single-family homes across five configurations — catering to the growing demand for attainable, quality housing in the Englewood area. The community will feature dedicated amenity space and gated access, with first home deliveries anticipated in the second half of 2027 and completion expected by 2030.
